Real estate stories
As a result of the deal, RENT is set to acquire the existing RentPay system as well as its website and customer base.
Some skyscrapers are demolished after damage, obsolescence or changing use, despite their towering scale and historical presence.
More than 85 containers are helping keep the NZD $790 million Westfield Newmarket rebuild efficient, despite tight inner-city space constraints.
Foreign capital now dominates New Zealand’s biggest commercial property deals, as domestic investment fell 77% to GBP £400 million in 2017.
Housing prices are likely to stay firm for some time unless the government finds new ways to unlock supply and affordability.
Tight vacancy and rising rents are keeping Auckland industrial yields near record lows, despite signs of slower growth later this year.
Sales growth was strongest in 23 months as New Zealand’s property market posted its biggest annual rise since May 2016, REINZ said.
New government backing is aimed at unlocking stalled private housing projects and speeding delivery of affordable KiwiBuild homes across New Zealand.
Investor confidence has recovered to September 2017 levels, even as online retail growth and flexible offices reshape New Zealand property demand.
Auckland occupiers and investors face fresh disruption as the government revives the East West Link in a scaled-back $800 million form.
The 25-year-old Porirua mall will keep its on-site staff after a AUD $100 million sale, easing concern for retailers and shoppers.
Prices outside Auckland climbed to record levels in March, even as the city’s median house price fell 2.2% year-on-year.
Investors are being offered a 178-unit Auckland CBD hotel with an 11-year lease, in a sale billed as the city's first major since 2012.
Rising demand for homes, jobs and green space is driving multi-billion-dollar city makeovers from Paris to New York and Cairo.
Auckland’s city fringe is bucking the downturn as higher-quality apartments there now command an average asking price of NZD $1.35 million.
Generation X buyers are drawn to Point Ridge in Albany because its shared pools, gym and common areas foster a stronger sense of community.
Retailers are holding out for the right spaces in Auckland and Wellington, keeping prime CBD strip rents unchanged despite tight vacancies.
Lower December-quarter activity masked a 40% annual rise in the value of construction starts to GBP £13.1 billion, CoreLogic said.
Airports may still hold banned foam stocks as New Zealand probes PFOS and PFOA contamination, raising health and environmental fears.
Property owners are set to get greater assurance after a Hawke’s Bay firm became New Zealand’s first accredited methamphetamine testing provider.
